According to TechSci Research report “India Managed Security Services Market Forecast & Opportunities, 2019,” the country’s MSS market is estimated to touch USD251 million in 2014. Customer premises equipment model is currently dominating the market as organizations, especially in government, BFSI, transportation sectors, have adopted services offered under this model. However, over the next five years, cloud based model is expected to proliferate within small and medium enterprises of the country on account of increasing adoption of cloud services and rising number of remote offices. In addition, companies in India are increasingly embracing the Bring-Your-Own-Device concept, which is expected to further boost cloud-based managed security services market over the forecast period.

“Southern and western regions of the country represent high growth markets for managed security services on account of significant IT and industrial base in these regions. Rising incidences of security threats coupled with increasing capital expenditure on reinforcing in-house security solutions are forecast to augment the managed security services market over the next five years. In addition, many leading players in the market are increasingly offering customized security services to their clients, which is expected to set a new trend in the market over the next few years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.